Corporate Finance: Mergers & Acquisitions

Transcription

1 COURSE DESCPRIPTIONS ZSEM international summer school 2015 June 29-July Zagreb School of Economics and Management, Zagreb, Croatia Corporate Finance: Mergers & Acquisitions Mergers and acquisitions (M&A) are among the most dynamic, but also most difficult and error-prone strategic activities a company can undertake. Every business manager will most likely be involved or at least affected by a merger or takeover at some point in their career. Future corporate executives need to have a holistic view of mergers. Thus the aim of this course is to give students a fundamental and solid guidance in planning and executing M&A. The individual sessions are structured along the typical merger process and participants will explore the topics of corporate strategy, due diligence, company valuation, financing, negotiation and post-merger integration. Over the length of the course, students will build a solid basis through a combination of theory and practice. The seminar will involve case studies, valuation exercises, group work and real-life negotiation simulations. This course will be of special interest to participants planning careers in strategy consulting and investment banking, as well as those who plan to work in corporate development or finance functions within industrial firms. Students expecting to hold jobs in general management will find the seminar helpful as well. Game Theory The main goal of the course is to introduce the basic concepts of game theory needed for the applications in economics (market competition, investment competition, competition in the international trade, monetary issues). International Finance The course is consisted of three major parts: the role of multinational corporations on the international capital markets, the role of the foreign exchange markets and determination of the foreign exchange rates and methods of currency hedging. The course will explain traditional and modern approaches to the currency determination: purchasing power parity, interest rate parity, monetary theory, portfolio balance theory, Mundell-Fleming model and 1

2 the recent market microstructure theory. Students will familiarize with the causes and consequences of the recent financial crises. The special emphasize is put on the currency risk hedging via options, futures, forwards and currency swaps. The aforementioned instruments will be illustrated on practical examples from financial markets. International Management International Management is a course designed to increase awareness of major challenges facing organizations and managers in today s hypercompetitive global marketplace. By focusing on the international dimensions of management and organization, the course provides a framework for formulating successful strategies in an increasingly complex world economy. Through a multi-disciplinary approach drawing on social anthropology, psychology, management and organizational theory, the course deals with various issues related to complexity of culture, cultural orientation of different organizations and individuals and the mapping of world cultures through the cultural dimensions of Hofstede and others. Entrepreneurship The Entrepreneurship course utilizes an interdisciplinary approach to business planning and is intended for undergraduate students in their senior year, as well as for international students on exchange at ZSEM. This approach allows students to recognize strengths and weaknesses of business plans and helps them develop an entrepreneurial mindset, which they can apply either as employees of large corporations or in their independent entrepreneurial pursuits. In this course, students will investigate the entrepreneurial environment in Croatia and in other countries. This way, students will learn which skills are necessary for someone to become a successful entrepreneur, and for that person to represent a valuable human resource in any organization. Essentials of Investments The course consists of two parts: The first part is delivered via lecturing through which students learn about investment process, differences among financial asset classes, capital markets particularities, and portfolio management theories. We will analyze the environment in which investors assume various levels of calculated risks while pursuing their expected returns. Apart from learning about different portfolio creation approaches and portfolio performance evaluation best practices, we will thoroughly cover concepts such as Capital Asset Pricing Model, Arbitrage Pricing theory, Modern Portfolio Theory, Portfolio Performance Attribution among others. Apart from understanding equity investments, students will also learn about bonds, managing bond portfolios, and derivatives. Finally, students will learn about the investment funds industry using many practical examples. 2

3 The second part consists of a portfolio management simulation exercise in which students are expected to professionally manage different asset classes based on principles learned in the lectures. The emphasis of the course will be on the real world. Focus of the course will remain on understanding how investment decisions are made in today s world, on the most common types of assets which people choose to invest in and their respective benefits and disadvantages, on risk-return trade-off, on efficient market hypothesis and its implications, and on approaches to valuing the different assets. The primary objective of the course is to help senior students learn the fundamentals of modern investment theory via lectures, presentations, discussions, case studies and portfolio management simulation. Students with interest in pursuing Chartered Financial Accountant (CFA) certification later in their careers will find this course as a valuable stepping stone. E-Marketing E-marketing course doesn t require any previous knowledge from any specific field. During this course, students will learn main online marketing concepts and their practical meaningon web for implementation of online businesses. At the end of the course students will gain a lot of practical knowledge throughout thedevelopment of their own marketing plan, also whilst planning websites, by using Google AdWords and Facebook marketing tools. During course students will create e-marketing campaign for their project idea. Marketing campaign will utilize e-marketing tools and technologies which will previously be explained and demonstrated in the class. This course will also give students understanding of major e-marketing trends present at the market today and give them understanding of expected development in the future. Through number of cases, students will gain deeper understanding of main success and failure stories fromthe e-marketing arena, plus they will have an opportunity to engage in interesting discussions regarding modern e-marketing trends. Students will learn to analyze modern concepts, practices, and modern web e-marketing applications and services used on web today. CAPSTONE Measuring & Maximizing Corporate Value (advised for master level students) The aim of the course is to develop understanding on how to systematically integrate and manage all functions of a company in order to compete successfully in the corporate world of stock-exchange listed companies in the twenty-first century. A major perspective of this course is to synthesize prior coursework in order to help the student develop an integrated concept of issues affecting contemporary business environments. To help expose students to the realities of dynamic organizational issues CAPSTONE (a computer simulation) and combination of lectures and case studies will be utilized. By utilizing Capstone, students will be able to test alternative actions of operating a business in a competitive environment 3

4 without incurring costs or the risk of implementing them in a real setting. Most organizational strategic and tactical decisions will be made after consulting with the colleagues/board Members. Each student will have the opportunity to simulate this form of organizational life when working within his or her Capstone Team. A great deal of reputable multinational companies (IBM, Coca-Cola, Microsoft, Google, etc.) continuously applies Capstone simulation to improve managerial skills of their employees. You will be placed in a Team/Management Board and will manage and analyze your Capstone Company as well as competitors in the marketplace. Over the period of eight years (eight rounds), the students/you will make decisions about various aspects of their company. Your decisions will affect not only respective company sales and profits but also a vast number of quantitative and qualitative outcomes. You will have insight into problems facing top managers (CEOs, Marketing Directors, CFOs, Sales Directors, and Production Directors/Planners). You are, just as the Management Directors, expected to set up a strategy, objectives and pursue the best business policy in order to maximize the value of the firm you manage. The objectives are achieved more systematically and successfully by considering and applying concepts previously developed in other courses as well as in this course. To evaluate the firm's/team s performance, several criteria will be examined. Each Team s performance will be evaluated on the basis of both financial and non-financial key performance indicators that signal whether the shareholder value has been created or destroyed. Applied Creativity and Innovation (advised for master level students) Those leaders and managers who use creativity and innovation to deal with challenges facing their organizations are the ones who not only survive but thrive in the 21st century landscape. This course will help participants to identify creativity in themselves and others. It will give them techniques to help harness the power of both abstract and concrete creative applications at work. Through a series of hands on exercises, participants will learn more about developing a creative community at work that supports inspiration and innovative approaches to both existing and new challenges. Lastly, participants will be able to apply their new insights by closely examing business cases as examples of creativity and innovation at work. The purpose of this course is to encourage and support the creative process in building sustainable organizations where continuous innovation is understood, appreciated and valued. Understand of dynamics of individual, team and organizational creativity Use tools to assess creative potential and interpret applications Explore the links between the local creative and business communities Exercise individual creativity through established creative mediums Learn principles of creative applications to business scenarios Shape individual creative style and approaches through exploration of role models and best practices 4

5 Behavioral Economics What if somebody told you that great part of economic theories, models and assumtions are questionable in terms of describing and/or predicting people's behavior? The primary goal of this course is an introduction to the insights gained from incorporating psychology into economic modeling. Behavioral economics is one of the fastest growing scientific fields and field of practice. This interdisciplinary field is a combination of concepts derived from microeconomics, social & cognitive psychology, behavioral decision research, consumer research, neuroeconomics, experimental economics etc. Its main focus is on the question How do people in reality make decisions. Some of the more specific questions include: How do real people execute decisions to quit smoking, commit to a relationship or save for retirement? How do they cope with risk and uncertainty? How do they weigh the present against the future? How do people perceive money and use it? Do people know what made us happy in the past and what will make us happy in the future? Do we know what made us happy in the past and what will make us happy in the future? How can brain imaging reveal in-depth comprehension of brain processes relevant to decision making? Why we fail on Mondays to start dieting or exercising? Besides theoretical insight in this discipline, students will be presented with practical knowledge on how to manage the choice architecture, generate successful business strategies and to improve their own decision-making. Knowledge of these issues can be a significant source of competitive advantage, because they are unknown to most managers and are not taught in most undergraduate and MBA programs. IMPORTANT NOTE: besides choosing among these courses, all the students will have the course Croatian studies as an important part of experiencing Croatian culture and environment, but they cannot solely choose this course. Croatian studies is a course that will acquaint students with the general details of Croatian history, culture, geography, significant thinkers, as well as with issues pertaining to Croatia's modern development. This course is credited for 3 ECTS credits. The course involves 9 hours of class hours per week plus the field work. * 1 ECTS credit is approximately 0.5 US credit. 5

Gonzaga MBA Electives MBA & MACC PROGRAMS Gonzaga MBA students complete a third of their program, 11 credits, in elective coursework, allowing them the flexibility to tailor the program based on personal

Master of Business Administration Program in the Faculty of Business Administration and Economics The Faculty of Business Administration and Economics at Haigazian University offers a degree program leading

Master of Business Administration Program in the Faculty of Business Administration and Economics The Faculty of Business Administration and Economics at Haigazian University offers a degree program leading

SolBridge International School of Business MBA Curriculum for Members: Sung Tae Kim* Chia-Hsing Huang YoungHack Song Tahir Hameed 1/15 SolBridge International School of Business Master of Business Administration

MBA COURSES MBA-ACC 501: Managerial Accounting This course introduces the use and analysis of accounting data so that managers may better conduct planning, controlling, and decision-making. In the first

London School of Commerce Programme Specification for the Cardiff Metropolitan University Bachelor of Arts (Hons) in Business Studies 1 Contents Page 1. Aims and Objectives 3 2. Programme Learning Outcomes

Graduate Studies and Research 452 The University of North Carolina at Pembroke 2015-2016 Academic Catalog MASTER OF BUSINESS ADMINISTRATION (M.B.A.) Director: Nick Arena The Master of Business Administration

Invest in People! Project co-financed by European Social Fund through the Sectoral Operational Programme Human Resource Development 2007 2013 Priority Axis: 1. Education and training in support for growth

473 MASTER OF BUSINESS ADMINISTRATION (M.B.A.) Director: Nick Arena The Master of Business Administration (MBA) is a professional degree program designed to accelerate entrepreneurial career development

CHITTAGONG INDEPENDENT UNIVERSITY (CIU) MBA Program COURSE CURRICULUM Requirements for the MBA Major in Finance Program a) In the School of Business graduate courses are grouped into 3 groups. Following

Bloch Executive MBA Year One Courses Leadership Residency The Leadership Residency launches the Bloch Executive MBA, and provides students with an appreciation of the integrative nature of leadership and

Global Green MBA MBA Program Overview Israel is rated as one of the most advanced countries in the world for the management of water and renewable energy resources, and a leader in developing innovative

Master MBA Business of in Emerging Administration Markets Specialisation There are business opportunities in abundance throughout the emerging markets of the world; however the unique challenges that accompany

Last update: December 19, 2013 Global Master of Finance Dual Degree Course Descriptions Foundation Courses FIN B62 510. Introduction to Finance The main topics to be covered in this course are (1) principles

Program Overview The PhD in Business Leadership and Administration is designed for professionals located nation wide who desire an advanced degree in business to excel in their careers. In addition, the

Accounting Courses Graduate Business Programs Course Descriptions Fall 2015 Saint Louis University John Cook School of Business ACCT 5010 Accounting for Managers (3) This course will be delivered in two

MBA Entrepreneurship Specialisation The entrepreneurial role in the market economy is a major influence behind spirited economic activity in all corners of the globe. Our MBA with a Specialisation Track

FDU-Vancouver Bachelor of Science in Business Administration - International Business concentration Course Descriptions ACCT 2021 Intro Financial Accounting An introduction to the concepts underlying an

Invest in People! Project co-financed by European Social Fund through the Sectoral Operational Programme Human Resource Development 2007 2013 Priority Axis: 1. Education and training in support for growth

AHMED BIN MOHAMED MILITARY COLLEGE DESCRIPTION OF THE COURSES OFFERED IN THE BACHELOR DEGREE IN THE BUSINESS ADMINISTRATION CURRICULUM Course Code 2503101 Course Name Principles of Management Prerequisite

Study program Master of Business Administration - MBA (120 ECTS) Faculty Cycle Business and Economics Postgraduate ECTS 120 Offered in Tetovo Description of the program The SEEU MBA program is envisioned

DEPARTMENT OF BANKING AND FINANCE BACHELOR OF SCIENCE IN BANKING AND FINANCE Program Description The B.Sc. Banking and Finance degree program is intended to train professionals for the storing and protecting

4. DEPARTMENT OF ADVERTISING, PUBLIC RELATIONS AND MEDIA DESIGN (APRD) Mission Statement The strategic communication problems that organizations and society face today are more complex than ever before.

ALL MBA STUDENTS Students may select from the following MBA Concentrations: Accountancy Business Analytics Economics of Financial Markets Finance Information Systems and Technology Law and Taxation Management

EMBA CURRICULUM - FIRST YEAR EMBA 0010 Professional Development Activities This required non-credit course is intended to provide opportunities to understand management skills and achieve a greater understanding

The Master of Science in Finance (English Program) - MSF Department of Banking and Finance Chulalongkorn Business School Chulalongkorn University Overview of Program Structure Full Time Program: 1 Year

Management Courses-1 MGT 201/Management Principles and Practices Provides an introduction to the core concepts and theories of management. Emphasis is on developing a theoretical foundation in the various

Suggestive Major Map for newly UGC-approved BBA (Finance) Semester 1 # Students who enrolled in Fall 2014 or, later will be eligible for the new curriculum # 1 st Year 2 nd Year ENG 103 1 MIS 105 Philosophy/Ethics

Course Descriptions Mathematics The objective of this course is to obtain a basic understanding of calculus the mathematical technique most frequently used in business and economics. Micro/Macro Economics

Global MBA BLENDED Course Descriptions Pre-program: FINANCIAL ACCOUNTING The main objective of the pre-program in financial accounting is to provide students with a foundation in basic accounting concepts.

Executive Master Program Financial Engineering Technology + Management KIT University of the State of Baden-Wuerttemberg and National Research Center of the Helmholtz Association Accredited by Keyfacts

YEDITEPE UNIVERSITY INSTITUTE OF SOCIAL SCIENCES BUSINESS ADMINISTRATION DEPARTMENT MASTER of BUSINESS ADMINISTRATION (MBA) without thesis & MASTER of BUSINESS ADMINISTRATION (MBA) with thesis MASTER of

All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. Those modules are: Management and Organizational Change (P.4) Leading Strategic Decision

Business Management Master s Program Campus Querétaro The Tec de Monterrey is a private university institution, which states that part of their mission is to, widely be recognized as an educational institution

Seattle Pacific University 2005 2006 Graduate Catalog 39 SCHOOL OF BUSINESS AND ECONOMICS DAVID L. MCKENNA HALL 206.281.2753 DJWYSOM@SPU.EDU WWW.SPU.EDU/DEPTS/SBE Business Administration (M.B.A.) The M.B.A.

Daniels College of Business, University of Denver Executive MBA Course Descriptions Business & Economic Context This introductory economics course is designed to provide a survey of essential economics

Online MBA and Post Graduate programs in International Hospitality and Service Industries Management Specializations: General Management for Service Industries Asset and Revenue Management Marketing and

Become a Financial Thinker and Manager Master's in Finance About CEU Business School Central European University (CEU) Business School educates leaders, entrepreneurs and financial professionals who transform

dual degree + international MBA master in advanced finance why the dual degree international MBA master in advanced finance +? The following are just some of the advantages afforded by the Dual Degree:

ISA Master s Degree in Management & Marketing Degree Title Master of Science in International Management with Finance University University of Roehampton University Overview In recent i-graduate surveys,

ACADEMIC REQUIREMENTS Please note that these requirements apply to students entering Vesalius College during the academic year 2014/15. Students who entered in previous years are bound by the requirements

GLOBAL EXECUTIVE MBA ELECTIVE COURSES The Elective Courses allow you to go deeper into some of the disciplines covered in the Core Courses and a few new areas, depending on your personal interests. Choose

Faculty of Economics and Business University of Zagreb POSTGRADUATE (DOCTORAL) PROGRAMMES IN BUSINESS STUDIES AND ECONOMICS 1. INTRODUCTION 1.1. Reasons for establishing the studies Doctoral studies represent

BA (Hons) Accounting and Finance module descriptions Below are the module descriptions for all modules currently taught on our BA (Hons) Accounting and Finance course. Year One Core Modules Economics for

POLITECNICO DI MILANO GRADUATE SCHOOL OF BUSINESS INTERNATIONAL MASTER IN INDUSTRIAL Management Courses Description A joint program with POLITECNICO DI MILANO SCHOOL OF MANAGEMENT First semester (Universidad

UNIVERSITY OF SOUTH ALABAMA MANAGEMENT 1 Management MGT 300 Management Theory and Practice 3 cr Theories of organizational structures, practices, and behavior, and the effective management of organizations.

Yeditepe University offers Executive Master of Business Administration Program (EMBA) for those who would like to positively differentiate themselves in their career development. Yeditepe Executive MBA

EVENING MBA The following MBA Concentrations are only available for those students declaring a concentration BEFORE October 21, 2011. Students may select from the following MBA Concentrations. Concentrations

Department of Accounting and Finance Modules, other than Introductory modules may have pre-requisites or co-requisites (please, see module descriptions below) and a student must have undertaken and passed

Course Descriptions Master of Science in Finance Program University of Macau Principles of Economics This course provides the foundation in economics. The major topics include microeconomics, macroeconomics

Executive Master's in Business Administration Program College of Business Administration 1. Introduction \ Program Mission: The UOS EMBA program has been designed to deliver high quality management education

CATALOG 2010-2011 Graduate Information Coggin College of Business Management Course Descriptions BUL5810: Law and Business Environment Prerequisite: MBA classification. Analysis of the legal and social

PROGRAMME SPECIFICATION KEY FACTS Programme name Engineering with Management and Entrepreneurship Award BEng (Hons) School School of Mathematics Computer Science and Engineering Department or equivalent

All available Global Online MBA routes have a set of core modules required to be completed in order to achieve an MBA. Those modules are: Building High Performance Organisations Management and Organisational

2 MANAGEMENT GOALS AND CONTENT The MSc in Management is designed to provide graduates, from a wide variety of backgrounds, with the necessary tools and skills for understanding modern management, creating

BUSINESS ADMINISTRATION (MBA) The Master of Business Administration program is part of the Jay S. Sidhu School of Business and Leadership, which combines a strong core business education with the development

Graduate Business Programs SDSU College of Business Administration MBA Program of Study Worksheet Entrepreneurship Specialization MBA Program of Study Worksheet: Entrepreneurship Specialization The MBA

THE MBA PROGRAM INTERNATIONAL UNIVERSITY The MBA program at International University is designed to help high potential candidates realize their full business and management visions. They will be equipped

MARIST COLLEGE MBA Concentrations: Course Descriptions ETHICAL LEADERSHIP CONCENTRATION Over the last few decades, ethical leadership has taken on increasing importance. The world s economy has been shaken

Global Green MBA Master of Business Administration Specialization in Sustainability Faculty of Management Department of Business Administration Department of Natural Resources and Environmental Management